Interest rates freeze

An economic adviser at big cheese accountants Ernst & Young reckons that question marks, over the state of the recovery in the UK, may make it difficult for the Bank of England’s Monetary Policy Committee to consider rate rises soon. Forecasters have suggested that the interest rate will remain at its record low of 0.5 per cent well into 2012 with poor manufacturting figures being a major factor. This will be good news for mortgage payers but not so good for investors.

Still you can’t please all of the people all of the time and anyway we need the money to pay for ludicrous energy prices and other rising costs.